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: The Home Equity Theft Reporter

No State Insurance, Bonding Requirement For Closing Agents Leaves Unwitting Couple Victimized By Refinancing Ripoff Holding The Bag, Facing F'closure

By r morris

In Parker, Colorado, The Denver Post reports:Tim and Kim Canning of Parker did what tens of thousands of other Coloradans do each year: They refinanced their home, showed up at the closing, signed the papers, and that was that. So they thought.But the $277,000 that was to be sent from the bank that refinanced the Cannings' home to pay off the old mortgage was stolen along its electronic journey,

Full post as published by The Home Equity Theft Reporter on January 24, 2011 (boomark / email).